Oracle EPM Cloud

1. Oracle EPM Cloud

2. ABOUT Oracle EPM Cloud:- Oracle Cloud EPM software helps you analyze, understand, and report on your business. EPM refers to the processes designed to help organizations plan, budget, forecast, and report on business performance as well as consolidate and finalize financial results (often referred to as “closing the books”). EPM solutions are primarily used by CFOs and the office of finance, while other functional areas, such as HR, sales, marketing, and IT, use EPM for operational planning, budgeting, and reporting. Source : Oracle

3. A modern EPM solution enables you to understand how, when, and where to adjust to disruptions. Streamline account reconciliation Drive accurate and agile integrated plans Optimize the financial close In a changing regulatory environment, you need to adapt quickly to new requirements and deliver faster, more accurate insights to all stakeholders. EPM helps you streamline the financial close and report with confidence and insight. Account reconciliation is the number one reason for non-data-related delays in the financial close. EPM enables you to efficiently manage and improve global account reconciliation by exploiting automation and comprehensively addressing the security and risk typically associated with this process. The digital economy demands more than spreadsheets and department-oriented planning processes. Truly effective planning should seamlessly connect your entire organization for a better vision. With EPM you can align planning across the enterprise, so that you can develop agile forecasts for all lines of business and respond faster and more effectively to change. Source : Oracle

4. Align tax reporting with corporate financial reporting Satisfy all your reporting requirements Manage change with enterprise data management Manage and drive profitability To survive in uncertain times, you must be able to manage and drive profitability. EPM helps you gain insight into dimensions of cost and profitability to determine where to invest limited resources. Changing tax laws are causing global organizations to plan and manage their tax affairs very differently than they have to-date. EPM supports effective tax reporting by connecting the processes, data, and metadata that tax and finance share, such as financial planning, financial close, and regulatory reporting. No matter how many reporting standards you have to comply with, you want to be sure that the data you provide in your reports is accurate, complete, and the most current information available. EPM reduces the need for multiple reporting systems. Whether you're migrating applications to the cloud, managing applications in a hybrid environment, or spearheading major business and financial transformation, an enterprise data management platform provides data accuracy and integrity with the alignment of your data and master data. Source : Oracle

5. EPM today—from on-premises to the cloud Over the past couple of decades, EPM software platforms evolved from Windows-based client/server systems to internet-enabled, web browser-based applications. Today, there’s an increasing demand for cloud-based EPM software, also known as software as a service (SaaS). When EPM software is “in the cloud” it simply means that the application is housed on a network of remote servers, instead of at a company’s location. The cloud offers a more affordable alternative for EPM that lowers both operational expenses (OpEx) and capital expenses (CapEx), because it eliminates the need for companies to purchase software and hardware or hire additional IT staff. With no costly infrastructure to support, resources can be invested in growth opportunities, while employees can focus on more value-added tasks instead of managing IT. Source : Oracle

6. Evolution of EPM 1970s Basic accounting software applications 2010s EPM in the cloud Cloud-based EPM becomes the new standard. 05 01 04 2000s Desktop to browser EPM software moves from Windows-based to web-browser-based. 1980s Early spreadsheet solutions Lotus 1-2-3 and VisiCalc to automate budgeting. 02 03 1990s Email and spreadsheet sharing for collaboration and communication Hyperion, one of the earliest successful EPM software companies. Source : Oracle

7. Embracing EPM in the Cloud—the suite always wins over point solutions An important characteristic of modern Oracle EPM cloud is the unified solution or applications suite. When compared to deploying a single-point software application—such as consolidations or planning and budgeting—an EPM cloud suite offers the best advantage. A complete solution integrates management processes across the organization, aligning strategy with execution. Employees gain improved visibility and insight into all aspects of the business. Moreover, the most effective EPM solutions are integrated suites that help customers leverage their investments through seamless data and process integration with their core ERP systems. A next-generation EPM cloud suite enables finance leaders to build a future-ready finance organization. Source : Oracle

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